The Royal Bank of Scotland has announced that it will not be insisting on personal guarantees to issue government-backed emergency loans to business owners, whilst banks across the UK face criticisms for implementing such procedures.
Directors across the UK are asking the government for a temporary indemnity which allows them to keep technically insolvent firms in operation during the coronavirus pandemic without fear of legal action. Under current legislation, company boards can be sued for failing to wind up a company if it is
Edinburgh-based Dunedin Enterprise Investment Trust (PLC) has increased its final dividend share from 2p to 5p despite the global economic worries over the COVID-19 pandemic. The firm also issued a 25p payout in June last year.
The Royal Bank of Scotland issued a letter to MPs yesterday outlining its support for customers during the current COVID-19 lockdown. The measures include fee-free loans and overdrafts. Alongside its £500 million working capital support fund, RBS said that it has launched emergency fee-free lo
Richard Godden, partner and member of Blackadders' dispute resolution team, details whether businesses still have to carry out their contracts during the coronavirus lock down. The current COVID-19 pandemic has turned everything upside down. Every day the situation alters, and the only constant is t
Property owners are shifting from short to long term letting as coronavirus hits holiday lets, according to DJ Alexander. The property management company has first-hand evidence of Airbnb owners moving their properties away from holiday letting to long term letting as the tourist market collapses.
The coronavirus outbreak has already led to a sharp economic downturn in Scotland; one that will undoubtedly change the shape of our economy in the long-run, according to the Fraser of Allander Institute.
In response to the current COVID-19 situation, the Financial Conduct Authority (FRC), Financial Reporting Council (FRC) and Prudential Regulation Authority (PRA) are today announcing a series of actions to ensure information continues to flow to investors and support the continued functioning of the
Legal, finance and property firm Gilson Gray has created an emergency hotline for all queries and issues relating to the COVID-19 pandemic. The hotline can be used by anyone in Scotland looking for guidance on any area of law, property and financial advice - from corporate and employm
Figures released by the Federation of Small Businesses (FSB) in Scotland show that there are thousands of self-employed people in every Scottish local authority area that could require income support during the coronavirus outbreak. Ahead of an expected announcement by Prime Minister Boris Jo
KPMG has been appointed as administrators of Glasgow-based fabric and soft-furnishing company Remnant Kings Central Limited. Blair Nimmo and Alistair McAlinden were appointed as joint administrators of the firm yesterday.
The Scottish Government has launched a £1 billion business support fund meaning businesses can now apply for grants to help them deal with the impact of the coronavirus outbreak. The one-off grants are designed to help protect jobs, prevent business closures and promote economic recovery, and